John Mbadi proposes more taxes to finance Sh4.3tr maiden budget

Treasury Cabinet Secretary John Mbadi. Treasury is banking on tax reforms and an expanded tax base to grow tax revenues. [File, Standard]

Kenyans should brace themselves for higher taxes in the next financial year with the government seeking to increase the revenue collection target, which is expected to finance an expanded budget.

The National Treasury, in new budget documents, has set the target for the Kenya Revenue Authority (KRA) at Sh3.018 trillion over the 2025-26 financial year, which is 14.7 per cent higher than the Sh2.631 trillion that the taxman was expected to collect over the current financial year.